30th Aug 2022 09:31
(Alliance News) - Uniphar PLC on Tuesday reported interim revenue growth, citing a "strong performance" in its divisions as it expects gross profit growth for the full year.
For the six months that ended June 30, the Dublin-headquartered healthcare services business company said pretax profit edged down by 1.9% to EUR20.3 million from EUR20.7 million a year earlier, as exceptional costs rose to EUR5.8 million from EUR3.1 million.
Revenue, however, rose 2.8% to EUR991.8 million from EUR964.9 million, driven by a "strong performance in the Supply Chain & Retail and Commercial & Clinical divisions together with the impact of the 2021 acquisitions," it said.
Supply Chain & Retail division revenue increased by 4.7% to EUR755.0 million from EUR721.1 million, while Commercial & Clinical division revenue rose 2.9% to EUR162.3 million from EUR157.8 million.
Earnings before interest, tax, depreciation and amortisation rose 9.2% to EUR44.9 million from EUR41.1 million a year earlier.
"Uniphar delivered a strong performance during the first six months of 2022 leveraging its scalable platforms to help mitigate the impact of inflationary pressures and global economic uncertainty," it said.
Uniphar declared an interim dividend of EUR0.0061 per share, up 8.9% at EUR0.0056.
Looking ahead, Uniphar said cost inflation remains a concern and will be a key focus through this year and the next. But it said it is well positioned to drive gross profit growth across all divisions and is confident of delivering on current trading expectations for the full year.
Shares were down 3.9% at 286.00 pence each on Tuesday morning in London.
By Xindi Wei; [email protected]
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